Tuesday, April 28, 2020

"Norwegian billionaire [NOK] held over wife's disappearance"

There's a headline you don't see all that often.
From AFP via Yahoo News:
Norwegian police said Tuesday they had arrested a wealthy businessman over the disappearance of his wife 18 months ago, the latest twist in a case that has kept the Nordic countries on tenterhooks.

Tom Hagen, 70, was arrested as he was leaving his home for work on Tuesday, on suspicion of "murder or accessory to murder," commissioner Ida Melbo Oystese told a press conference.
Hagen's wife Anne-Elisabeth Hagen disappeared without a trace from their home in Lorenskog, east of Oslo, on October 31, 2018.

A poorly written ransom note, containing threats and a demand for nine million euros in crypto currency, was found at the scene.

Sporadic contact with the alleged kidnappers on digital platforms initially supported the theory that she had been the victim of a rogue abduction.

However, by June 2019, police were re-evaluating their leads and started examining whether it was a murder that had been disguised as a kidnapping.

Tom Hagen is the 164th richest man in Norway with an estimated net worth of 1.9 billion Norwegian kroner ($183 million, 168 million euros) in 2019, according to business magazine Kapital....
.... MORE

Attentive reader will note that we have fixed the problem that arose in December's "2019 Norwegian Seafood Exports Will Exceed NOK 100 Billion Sometime This Week"
Run that through our handy currency converter et voilà: 3.959 Trillion.
Hmmm, that doesn't look right. I may have translated NOK into Zimbabwe dollars....
*****
....Let's try converting our Zimbabwe  dollars into USD:

Waddya mean no one wants 3.96 Trillion ZWD?
How about just theoretically?
There's a 22% fee?
What the hell am I going to do with ~four trillion ZimBucks?

Ah ha! reversing the arrow of time we unwind the earlier transaction and now, jamming the transmission into 1st, we come up with 100 Billion NOK = a bit under $11 Billion.
That's a lot of fish.
In any currency.  


The krone has recovered a bit from the all-time (?) low reached against the dollar on March 23, almost 12:1, coincidentally the bottom for the U.S. stock markets which raises the question: is the krone now being valued off the sovereign wealth fund rather than the price of oil?